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President Donald Trump sharply criticized American motorbike manufacturer Harley-Davidson's decision today to shift some of its production overseas, a move the company said it is making in order to avoid the president's tariffs.

"Harley has opted not to raise prices, instead bearing the $90 million to $100 million annual cost of the tariffs in the short term", the Journal explained.

"Harley-Davidson expects ramping up production in global plants will require incremental investment and could take at least nine to 18 months to be fully complete", the company said.

The EU is Harley's most important market outside of the US, accounting for 40,000 sales in 2017. From the company's statements, it plans to continue to manufacture parts for motorcycles in the US and ship them to Thailand for assembly, as it does for facilities in Brazil and India.

Harley-Davidson's stock dipped 6 percent on Monday as it became embroiled in a raging trade dispute between the USA and Europe, which accounts for a significant amount of its sales.

Harley-Davidson's warning is a huge blow for the Republican President, who says he is safeguarding jobs in the US's industrial hotspots.

"The company built its reputation and image by making motorcycles here, and if the company wants to continue to market itself as an iconic American brand both at home and overseas, it needs to focus on U.S. production", he added.

President Donald Trump late on Monday went after iconic American motorcycle company Harley-Davidson after the company announced it was moving some production out of the US.

Harley-Davidson employs more than 6,000 people globally. Harley fell 2.2% on Friday as European Uniontariffs against Harley took effect.

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They did not say which countries production will be moved to. Outside the United States, Harley-Davidson already has or is constructing facilities in Brazil, Thailand, Australia and India, with its site in India producing a number of models for the European market. At the high end, the additional cost from the European tariffs would represent a 2 percentage point reduction in Harley's operating profit margin from past year.

What is Harley-Davidson doing?

Europe is a critical market for Harley-Davidson.

Harley estimated facing US$30 million to US$45 million in costs linked to the tariffs for the remainder of 2018.

The EU threatened that its payback for those levies would be to boost taxes on U.S. motorcycles, Levi Strauss jeans and bourbon whiskey.

Harley-Davidson's move is one of the most visible consequences of the trade disputes triggered by President Trump's decision to levy tariffs on steel and aluminium imports.

Harley-Davidson felt that if it passed on the cost increase to dealers and customers it would have an immediate negative impact on its business in the European Union, including threatening the sustainability of its dealers' businesses.

"A company that is as connected to America, and Americana, as Harley is probably going to be laying off US workers in favor of foreign workers and going to be losing money as a result of this", said James Hardiman, an equity research analyst with Wedbush Securities.